Okta, Inc. provides identity solutions for enterprises, small and medium-sized businesses, universities, non-profits, and government agencies in the United States and internationally. The company offers Okta Identity Cloud, a platform that offers a suite of products to manage and secure identities, such as Universal Directory, a cloud-based system of record to store and secure user, application, and device profiles for an organization; Single Sign-On that enables users to access their applications in the cloud or on-premise from various devices with a single entry of their user credentials; Adaptive Multi-Factor Authentication, a product that provides an additional layer of security for cloud, mobile, and Web applications, as well as for data; Lifecycle Management, which enables IT organizations or developers to manage a user's identity throughout its lifecycle; and API Access Management that enables organizations to secure APIs.It also offers customer support and training, and professional services. Okta, Inc. sells its products directly to customers through sales force, as well as through channel partners. The company was formerly known as Saasure, Inc. Okta, Inc. was founded in 2009 and is headquartered in San Francisco, California.

2.8 Community Rank

Outperform Votes

Underperform Votes

Community Sentiment

Okta has received 56.61% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Okta and other stocks. Vote “Outperform” if you believe OKTA will outperform the S&P 500 over the long term. Vote “Underperform” if you believe OKTA will underperform the S&P 500 over the long term. You may vote once every thirty days.

Miscellaneous

Receive OKTA News and Ratings via Email

Sign-up to receive the latest news and ratings for OKTA and its competitors with MarketBeat's FREE daily newsletter.

Okta (NASDAQ:OKTA) Frequently Asked Questions

How has Okta's stock been impacted by COVID-19 (Coronavirus)?

Okta's stock was trading at $114.75 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, OKTA stock has increased by 57.4% and is now trading at $180.60. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Okta?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Okta in the last year. There are currently 5 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Okta.

When is Okta's next earnings date?

How were Okta's earnings last quarter?

Okta Inc (NASDAQ:OKTA) issued its quarterly earnings results on Thursday, May, 28th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.17) by $0.10. The business had revenue of $182.86 million for the quarter, compared to analyst estimates of $171.57 million. Okta had a negative return on equity of 44.99% and a negative net margin of 33.34%. Okta's revenue for the quarter was up 46.0% compared to the same quarter last year. During the same period last year, the business posted ($0.19) EPS. View Okta's earnings history.

What guidance has Okta issued on next quarter's earnings?

Okta issued an update on its FY21 earnings guidance on Thursday, May, 28th. The company provided earnings per share guidance of ($0.23)-($0.18) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.32). The company issued revenue guidance of $770-780 million, compared to the consensus revenue estimate of $772.26 million.

What price target have analysts set for OKTA?

17 brokers have issued twelve-month price objectives for Okta's shares. Their forecasts range from $120.00 to $210.00. On average, they anticipate Okta's stock price to reach $172.50 in the next year. This suggests that the stock has a possible downside of 4.5%. View analysts' price targets for Okta.

Has Okta been receiving favorable news coverage?

News stories about OKTA stock have been trending somewhat positive on Sunday, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Okta earned a daily sentiment score of 1.3 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutOkta.

When did Okta IPO?

(OKTA) raised $154 million in an initial public offering (IPO) on Friday, April 7th 2017. The company issued 11,000,000 shares at a price of $13.00-$15.00 per share. Goldman, Sachs, J.P. Morgan Securities and Allen & Company acted as the underwriters for the IPO and Pacific Crest Securities (a division of KeyBanc Capital Markets), Canaccord Genuity and JMP Securities were co-managers.

How do I buy shares of Okta?

Shares of OKTA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Okta's stock price today?

One share of OKTA stock can currently be purchased for approximately $180.60.

How big of a company is Okta?

Okta has a market capitalization of $22.50 billion and generates $586.07 million in revenue each year. The company earns $-208,910,000.00 in net income (profit) each year or ($1.39) on an earnings per share basis. Okta employs 1,561 workers across the globe.